The strong beat and raised guidance signal accelerating demand for AI vision and successful cost transformation. Monitor Q2 execution and tariff exposure, but the margin trajectory supports a positive re-rating.
Price Chart
Executive Summary
Cognex reported a stellar Q1 2026 with revenue up 24% YoY to $268M and GAAP EPS more than doubling to $0.31, driven by broad-based end-market strength and continued margin expansion. The company also guided Q2 2026 revenue 16.5% above prior year and adjusted EPS 68% higher, reinforcing its profitability trajectory.
Key Financial Metrics
Key Facts
- Revenue $268M (+24% YoY, +21% constant currency)
- GAAP EPS $0.31 vs $0.14 YoY (+121%)
- Operating margin 22.3% (+1,020 bps YoY)
- Adjusted EBITDA margin 26.9% (+1,010 bps YoY)
- Q2 2026 guidance: revenue $280-$300M, adjusted EPS $0.40-$0.44
- Completed divestiture of Japan-focused trading business
- Cash and investments $622M, no debt
- Returned $113M to shareholders in Q1 via buybacks and dividends
Financial Impact
Revenue beat expectations by a wide margin (24% YoY growth vs ~8-10% expected), EPS surged 121%, and Q2 guidance implies 68% adjusted EPS growth at midpoint.
Risk Factors
- Tariff impacts on cost of goods sold
- Potential economic slowdown in key end markets (logistics, consumer electronics)
- Integration and execution of AI platform launches
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000851205-26-000037 |
| Document: cgnx-20260506.htm | 0000851205-26-000037 |
| Document: 0000851205-26-000037-index-headers.html | 0000851205-26-000037 |
| Document: 0000851205-26-000037-index.html | 0000851205-26-000037 |
| Document: 0000851205-26-000037.txt | 0000851205-26-000037 |
| 8-K Data (Synthetic) | 0000851205-26-000037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Press Release | $59.71 $62.22 | ▼ −4.21% | ▼ −4.36% | $64.97 (−8.81%) |
Aug 5, 2026 8w ago | Press Release | $67.38 $60.79 | ▼ −9.78% | ▼ −10.38% | $64.97 (−3.58%) |
Aug 5, 2026 8w ago | Institutional Cluster | $70.71 $59.94 | ▼ −15.23% | ▼ −14.63% | $64.97 (−8.12%) |
Jul 16, 2026 11w ago | Press Release | $63.89 $61.59 | ▼ −3.60% | ▼ −7.22% | $64.97 (+1.69%) |
May 11, 2026 20w ago | Insider Cluster | $66.90 $61.32 | ▼ −8.34% | ▼ −8.03% | $64.97 (−2.88%) |
May 6, 2026 21w ago | 8-K | $65.74 $66.06 | ▲ +0.49% | ▼ −2.64% | $64.97 (−1.17%) |
Mar 13, 2026 29w ago | DEFA14A | $47.96 $54.18 | ▲ +12.97% | ▲ +9.38% | $64.97 (+35.48%) |
Feb 23, 2026 31w ago | Insider Cluster | $56.43 $50.63 | ▲ +10.28% | ▲ +6.33% | $64.97 (−15.14%) |
Feb 17, 2026 32w ago | Insider Cluster | $56.93 $50.11 | ▼ −11.98% | ▼ −10.24% | $64.97 (+14.13%) |
US Market Status
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